[China National Grid August 31st] On the evening of August 30th, Suning released the 2012 semi-annual report. The report shows that from January to June 2012, the company realized total operating revenue of 47.791 billion yuan, of which the main business income 465.07 billion yuan, an increase of 6.69% and 6.57% over the same period of the previous year; an operating profit of 2.18 billion yuan, a total profit of 2.204 billion yuan, and a net profit attributable to shareholders of the listed company of 1.754 billion yuan. As of the end of the reporting period, the company had a total of 1,728 chain stores in mainland China, Hong Kong, and Japan.
The report shows that in the first half of the year, Suning entered 8 cities above prefecture level, and 79 new stores were opened, achieving a total operating revenue of 47.191 billion yuan and a net profit of 1.754 billion yuan. The offline store further optimized the layout, adhered to the “flagship store†strategy, adjusted poorly performing stores, and penetrated the secondary and tertiary markets. On the other hand, we will promote Suning and Tesco's dual-brand operation and enhance Tesco's ability to purchase, sell independently and independently. In addition, online Suning Tesco continued to maintain rapid growth in the first half of the year.
The report shows that in the first half of the year, Suning entered 8 cities above prefecture level, and 79 new stores were opened, achieving a total operating revenue of 47.191 billion yuan and a net profit of 1.754 billion yuan. The offline store further optimized the layout, adhered to the “flagship store†strategy, adjusted poorly performing stores, and penetrated the secondary and tertiary markets. On the other hand, we will promote Suning and Tesco's dual-brand operation and enhance Tesco's ability to purchase, sell independently and independently. In addition, online Suning Tesco continued to maintain rapid growth in the first half of the year.
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